BUCK vs. ISCMF
BUCK (Simplify Treasury Option Income ETF) and ISCMF (iShares Diversified Commodity Swap UCITS ETF) are both exchange-traded funds - BUCK is a Government Bonds fund actively managed by Simplify, while ISCMF is a Commodities fund tracking the Bloomberg Commodity Index. BUCK is actively managed, while ISCMF is passively managed. Over the past 3 years, BUCK returned 5.23%/yr vs 16.78%/yr for ISCMF. At a correlation of -0.05, they often move in opposite directions. BUCK charges 0.35%/yr vs 0.19%/yr for ISCMF.
Performance
BUCK vs. ISCMF - Performance Comparison
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Returns By Period
In the year-to-date period, BUCK achieves a 2.07% return, which is significantly lower than ISCMF's 22.87% return.
BUCK
- 1D
- -0.09%
- 1M
- 0.17%
- YTD
- 2.07%
- 6M
- 2.14%
- 1Y
- 6.97%
- 3Y*
- 5.23%
- 5Y*
- —
- 10Y*
- —
ISCMF
- 1D
- 0.00%
- 1M
- -4.99%
- YTD
- 22.87%
- 6M
- 22.87%
- 1Y
- 31.30%
- 3Y*
- 16.78%
- 5Y*
- —
- 10Y*
- —
BUCK vs. ISCMF - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|---|
BUCK Simplify Treasury Option Income ETF | 2.07% | 4.13% | 7.25% | 4.63% | 0.59% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 22.87% | 19.65% | 3.13% | -9.58% | -2.34% |
Correlation
The correlation between BUCK and ISCMF is -0.14, meaning they tend to move in opposite directions. This is especially valuable for risk management - when one declines, the other has historically tended to hold steady or rise.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | -0.14 |
Correlation (3Y) Calculated over the trailing 3-year period | -0.05 |
Correlation (All Time) Calculated using the full available price history since Oct 28, 2022 | -0.05 |
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Return for Risk
BUCK vs. ISCMF — Risk / Return Rank
BUCK
ISCMF
BUCK vs. ISCMF - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Simplify Treasury Option Income ETF (BUCK) and iShares Diversified Commodity Swap UCITS ETF (ISCMF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| BUCK | ISCMF | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.59 | ||
| Sortino ratioReturn per unit of downside risk | +0.27 | ||
| Omega ratioGain probability vs. loss probability | 1.50 | 2.31 | -0.81 |
| Calmar ratioReturn relative to maximum drawdown | 5.35 | 5.53 | -0.18 |
| Martin ratioReturn relative to average drawdown | 28.90 | 11.95 | +16.96 |
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Drawdowns
BUCK vs. ISCMF - Drawdown Comparison
The maximum BUCK drawdown since its inception was -5.43%, smaller than the maximum ISCMF drawdown of -25.42%. Use the drawdown chart below to compare losses from any high point for BUCK and ISCMF.
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Drawdown Indicators
| BUCK | ISCMF | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -5.43% | -25.42% | +19.99% |
Max Drawdown (1Y)Largest decline over 1 year | -1.31% | -5.69% | +4.38% |
Max Drawdown (3Y)Largest decline over 3 years | -5.43% | -7.62% | +2.19% |
Current DrawdownCurrent decline from peak | -0.09% | -5.26% | +5.17% |
Average DrawdownAverage peak-to-trough decline | -0.49% | -13.36% | +12.87% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 0.24% | 2.63% | -2.39% |
Volatility
BUCK vs. ISCMF - Volatility Comparison
The current volatility for Simplify Treasury Option Income ETF (BUCK) is 0.28%, while iShares Diversified Commodity Swap UCITS ETF (ISCMF) has a volatility of 5.11%. This indicates that BUCK experiences smaller price fluctuations and is considered to be less risky than ISCMF based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| BUCK | ISCMF | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 0.28% | 5.11% | -4.83% |
Volatility (6M)Calculated over the trailing 6-month period | 1.38% | 15.45% | -14.07% |
Volatility (1Y)Calculated over the trailing 1-year period | 2.98% | 17.87% | -14.89% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 3.46% | 14.29% | -10.83% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 3.46% | 14.29% | -10.83% |
BUCK vs. ISCMF - Expense Ratio Comparison
BUCK has a 0.35% expense ratio, which is higher than ISCMF's 0.19% expense ratio.
Dividends
BUCK vs. ISCMF - Dividend Comparison
BUCK's dividend yield for the trailing twelve months is around 7.40%, while ISCMF has not paid dividends to shareholders.
| Position | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
BUCK Simplify Treasury Option Income ETF | 7.40% | 7.59% | 8.84% | 4.84% | 0.59% |
ISCMF iShares Diversified Commodity Swap UCITS ETF | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Frequently Asked Questions
BUCK and ISCMF have a correlation of -0.14, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
ISCMF has higher volatility (5.11%) compared to BUCK (0.28%). In terms of maximum drawdown, BUCK dropped -5.43% vs ISCMF's -25.42%.
On 3-year performance, ISCMF leads with 16.78% vs 5.23% for BUCK. On fees, ISCMF is cheaper at 0.19% per year. On volatility, BUCK has been the lower-risk option at 0.28%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 3-year period, ISCMF has performed better with a 16.78% return vs 5.23%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
ISCMF is cheaper with a 0.19% expense ratio, compared with 0.35% for BUCK.
BUCK has the higher dividend yield at 7.40%, compared with 0.00% for ISCMF.
BUCK is categorized as Government Bonds, while ISCMF is Commodities. They also come from different issuers: Simplify and iShares. Their fees differ too: 0.35% for BUCK and 0.19% for ISCMF.
BUCK currently has the higher Sharpe Ratio (2.35 vs 1.76), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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